What was the prepaid expenses amount for Mr. Sandless at the end of the year 2022?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
vernance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Monis Siddiqui, CPA P.C.
Bellerose, NY April 28, 2023
MR. SANDLESS FRANCHISE, LLC BALANCE SHEETS
| ASSETS | ||
|---|---|---|
| YEARS ENDED DECEMBER 31 | ||
| 2022 | 2021 | |
| Current Assets | ||
| Cash | $ 8,760 | $ 17,509 |
| Accounts receivabl |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the company's balance sheet for the year ending December 31, 2022, shows no prepaid expenses. The table provided in the FDD lists assets for the years ending December 31, 2022, and 2021.
For the year 2022, the prepaid expenses are listed as "—", indicating that Mr. Sandless did not have any prepaid expenses at the end of that fiscal year. In contrast, for the year 2021, prepaid expenses were $5,410.
This information is derived from the audited financial statements included in the FDD, offering potential franchisees an insight into the company's financial health and asset management. Understanding these figures can help prospective franchisees assess the financial stability and operational practices of Mr. Sandless.